Definition of Term Loan Exposure

Term Loan Exposure means, with respect to any Lender, as of any date of determination, the outstanding principal amount of the Term Loans of such Lender; provided, at any time prior to the making of the Term Loans, the Term Loan Exposure of any Lender shall be equal to such Lender's Term Loan Commitment.

Examples of Term Loan Exposure in a sentence

For all other purposes with respect to each Lender, "Pro Rata Share" means the percentage obtained by dividing (A) an amount equal to the sum of the Term Loan Exposure and the Revolving Exposure of that Lender, by (B) an amount equal to the sum of the aggregate Term Loan Exposure and the aggregate Revolving Exposure of all Lenders.

Additional Term Loan Exposure means, with respect to any Lender as of any date of determination, the outstanding principal amount of the Additional Term Loans of such Lender for a Series.

Affiliated Lender Limitation means the requirement that the aggregate amount of the Term Loan Exposure held or beneficially owned by all the Affiliated Lenders, taken as a whole, shall not at any time exceed 15% of the aggregate amount of the Term Loan Exposure of all the Lenders at such time.

For all other purposes with respect to each Lender, "Pro Rata Share" means the percentage obtained by dividing (A) an amount equal to the sum of the Delayed Draw Loan Exposure, the Term Loan Exposure and the Revolving Exposure of that Lender, by (B) an amount equal to the sum of the aggregate Delayed Draw Loan Exposure, the aggregate Term Loan Exposure and the aggregate Revolving Exposure of all Lenders.

Aggregate Credit Exposure means, at any time, the aggregate Term Loan Exposure of all the Lenders at such time.